cryptocurrencies The first working day of the new year started well and Bitcoin $96,632.0 Its price rose to the $97,000 mark. Although the losses in altcoins have not yet been fully compensated, the recent rise is promising. Moreover, while the article was being prepared, another big news came.
Morgan Stanley and Cryptocurrencies
cryptocurrencies It attracts the attention of trillion-dollar asset managers and banks. BlackRock and others have already created a huge market in this space with their spot Bitcoin ETF for almost a year. Professional investors now buy billions of dollars of Bitcoin, and these purchases are mediated by trios such as JPM, Coinbase Prime and BlackRock.
Now Morgan Stanley is entering this space. E-Trade, the $1.5 trillion giant’s trading platform, Bitcoin and cryptocurrencies plans to offer options for According to The Information, Morgan Stanley’s platform will also offer cryptocurrency services.
The motivation here, of course, is that Trump will officially become president in 18 days. According to the report based on two people from the company, steps will be taken in this direction as the regulatory environment in cryptocurrencies is expected to become clearer and softener under the Donald Trump administration. This motivation may enable other giants to focus on cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
